I'd like to buy a house soon(by 2007). I live in New England so house prices are crazy, probably run around $150K for a condo. I owe $60.00 a month on my student loan for 6 years at 4.89%(variable every June). Do I give myself an extra $60 a month for a mortgage payment and lower the total credit I'm using, though having less for a downpayment? Or do I put the most money possible for my home downpayment and keep my student loan for 6 more years?
Thanks everyone.